The Valley Intern Program (VIP) is a unique and challenging 9-week experience for diverse, talented and motivated students interested in gaining relevant experience in their specific area of study within the banking industry. As the Financial Analysis - Structured Products Intern, you will:
- Assist senior traders/analysts with both Interest Rate (IR) and Foreign Exchange (FX) hedging related tasks, not limited to running quotes, completing reports, analyzing trades, executing live trades, and handling post-execution processes
- Complete daily responsibilities which include responding to internal pricing quotes, compiling/sending out a rate sheet, monitoring exposure levels, affirming accuracy of trade details, etc.
- Learn about IR hedging strategies and the products utilized to achieve them: Swaps, Cross-Currency Swaps, Caps, Floors, Collars, etc.
- Learn about FX hedging strategies and the products utilized to achieve them: Spots, Forwards, Non-Deliverable Forwards, OTC Options, etc.
- Utilize trading platforms such as Bloomberg, DerivativeEDGE, and OPICS
- Collaborate with multiple other departments within VNB such as Commercial and Retail Banking, Loan Operations, Credit Underwriting, and Valley Financial Management
Expected work hours40
Job Description
- Support your manager in performing research and/or analysis on specific topics.
- Independently complete tasks that contribute to larger projects relevant to the assigned department.
- Participate in meetings and team discussions to gain insight and contribute to the team's goals or projects.
- Communicate with team members and other departments to coordinate work, gather information and develop final work products.
- Join team building activities to establish cross functional relationships within the Valley community.
- Participate in VIP Mentorship Program meetings with your mentor to enhance your business acumen, network with senior leaders and develop technical and professional skills.
- Document and report on progress and results of projects and tasks.
- Attend professional development sessions/classes.
- Participate in VIP (Valley Intern Program) hosted events,trainings and projects including
- Valley Week of Service, Culture Workshops and final project presentations.
- Complete other related duties as assigned by the respective manager.
- Follow Company policies and procedures.
Requirements
- Strong written and verbal communication skills.
- Excellent organizational and time management skills.
- Strong analytical and conceptual thinking.
- Motivated self-starter.
- Ability to work independently and as part of a team.
- Proficient in Microsoft Office Suite ( Word, Excel, PowerPoint).
- Rising sophomore, junior, senior or graduate student.
- Currently enrolled in a College or University program.
Pay Range InformationExact compensation may vary based on skills, experience, and location.
Salary Grade Minimum - Annual$40,800.00
Salary Grade Maximum - Annual$68,000.00
Salary Grade Minimum - Hourly$19.62
Salary Grade Maximum - Hourly$32.69